Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,946 shares of the pipeline company’s stock after selling 3,850 shares during the quarter. Sigma Planning Corp’s holdings in Pembina Pipeline were worth $478,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PBA. Safe Harbor Fiduciary LLC purchased a new position in shares of Pembina Pipeline in the third quarter worth about $26,000. Prospera Private Wealth LLC purchased a new position in shares of Pembina Pipeline in the third quarter worth about $26,000. Dunhill Financial LLC purchased a new position in shares of Pembina Pipeline in the third quarter worth about $28,000. Versant Capital Management Inc purchased a new position in shares of Pembina Pipeline in the fourth quarter worth about $27,000. Finally, Blue Trust Inc. lifted its stake in shares of Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock worth $30,000 after buying an additional 508 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PBA shares. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Barclays initiated coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating on the stock. Finally, TD Securities initiated coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $36.34 on Friday. The company’s 50 day simple moving average is $36.65 and its 200-day simple moving average is $39.37. The company has a market capitalization of $21.10 billion, a price-to-earnings ratio of 15.01 and a beta of 1.25. Pembina Pipeline Co. has a 1 year low of $33.83 and a 1 year high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.